This review is all about the Magnetude Jewelry. Do you want to know if this MLM business is legit or just a scam? Are you curious if you can really earn from this opportunity? Well, I suggest that you read this review in order to learn more about it.
Company Name: Magnetude Jewelry
Price to Join: $99
My Rating: 6.9 out of 10.0
What is the Magnetude Jewelry?
Magnetude Jewelry is a multi-level marketing company that sells jewelry. It allows you to customize your own jewelry by selecting the base and attaching a magnetized gem of your choice.
Their website claims that the bio-energetic necklaces help in improving your strength, assist in pain relief and have several other benefits. There is not a lot of scientific evidence behind their claims as there isn’t a lot of research in this particular area.
Whether the claims are true or not, customers may still buy the products because they look good. Surprisingly, I could not find any information about the founders of this company on their website or anywhere else on the internet.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
How Does Magnetude Jewelry Work?
Their website has no information about their compensation plan. This company is new and they should have their compensation plan ready to attract new distributors.
It doesn’t look like that the company is transparent and they want you to contact them to get more information. So let us take a look at the ways of earning.
The company pays 30% commission on direct sales. Direct sales can simply be made by contacting customers and showcasing the products. You can also use the brochure and the company’s website to show the products to the consumers.
30% is not bad, but there are companies that pay 40% or even 50% commission on personal sales. Normally, MLM companies pay different commissions on personal sales based on your rank or monthly sales, but that is not the case here. So everyone regardless of where they are in the ranks will earn a similar commission.
More Information About Magnetude Jewelry
The company also pays 7% on your first generation downline. Your first generation downline contains the entire team of the first person in your downline that is qualified for a particular rank.
So let us assume that there is a rank by the name of Professional and it is the third rank from the bottom. Whoever qualifies for Professional will become your first generation and you will earn 7% on the sales of the entire team of that person.
Similarly, the company pays 3% on your second generation downline. If the downline of your second and first generation are big, then you can earn a lot of money without doing anything extra. The company will implement a deeper commission structure later on according to the website.
But I don’t know when they will release the full compensation plan and showcase it on the website. Based on what I have seen, the compensation plan is not different from other MLM companies and it might have a lot of similar ways of earning money.
The 7% and 3% on your first and second generation respectively sounds fair, but without the qualifications it is difficult to say how good the compensation plan is.
How Much Does It Cost to Join?
You can join Magnetude Jewelry by buying one of the two kits. The Representative Purse Pack costs for $99 while the Representative Kit costs $299.
The cheapest kit has a little case that you can keep in your purse to show the designs and tudes anywhere you want. It contains a lot of necessary supplies like the products and it is valued over $260. The other kit is for those who take their business more seriously and want to start selling the products as soon as possible.
How Much Can I Earn?
This is a new company so there is no Income Disclosure Statement that we can use to determine your expected earnings. The products of this company aren’t expensive and it doesn’t look like that they will be too hard to sell to the right people. Since this is a new company, the customers may be a little hesitant to try the products.
We can’t be sure if the customers will respond positively, but I can certainly see the appeal of the products. The entire compensation plan is not available, but team building is surely going to be challenging.
The fact that this is a new company will also make team building harder. It doesn’t look like that most people will be able to generate a full-time income through this company.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
This is a new company so it is more risky to join it.
The science behind the products is not very strong.
In my opinion, Magnetude Jewelry is not a scam. They still offer some helpful information on how you can start your own business.
On the other hand, I must say that they have some rooms to improve like providing clear information about their compensation plan. If you have the passion towards the products that they are offering then you can look into this business opportunity. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches entrepreneurial skills
- Good earning potential if done right
- Climb the ranks to earn more commission
- More in depth information about compensation plan
I know that you want to invest in Magnetude Jewelry because you wanted to have a new way of life. I also feel that you want to have financial freedom.
But let me tell you that this type of business is not for everyone. If you are not fond of selling and recruiting then you might have a problem with this type of business.
On the other hand, if you are still looking for a new source of income, then you can also take a look into my personal favorite choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. What I like about it is that it doesn’t require any selling or recruiting.
Right now, I am on my second year in this type of business and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the Magnetude Jewelry, feel free to comment it below and I would be glad to interact with you.
Please let me hear your experiences and personal concerns on the comments below!